| Description |
Course offers a broad treatment of macroeconomic theory and policy issues, using the formal methods of modern macroeconomics. Topics will include long-run growth and development, labor, consumption, savings and investment decisions, the role of expectations, short-run fluctuations and stabilization policy, inflation and unemployment, trade and exchange rates. The course is advanced, so that: (i) having had some introductory course in macroeconomics is a prerequisite, and an intermediate-level one is best; (ii) the course requires a solid command of microeconomic theory (511 c or d) and good comfort with algebra and calculus. |